Saudi Arabia and China's CITIC Construction Group Sign Deal for 12 Building Materials Factories in Industrial City and Logistic Zones
Saudi Arabia's National Housing Co. has signed a deal with China's CITIC Construction Group to establish an industrial city and logistic zones for building materials in Saudi Arabia.
The project includes 12 factories aimed at securing supply chains for NHC's housing projects, ensuring their timely completion and high quality.
The deal was finalized during a visit of Saudi Arabia's Minister of Municipal and Rural Affairs and Housing to China.
A Saudi company announced a deal to build 12 factories in Saudi Arabia, specializing in building materials with Chinese expertise and local involvement.
The goal is to attract top-tier service providers and boost the real estate sector, developing high-quality housing projects and promoting transformation in the construction sector through industrial cities and logistic zones.
A collaboration between a Saudi Arabian company and a Chinese firm was announced, aiming to expand small and medium factories in Saudi Arabia, establish direct production lines for the company's projects, and boost the local industry's growth.
The partnership is expected to create numerous job opportunities and strengthen the strategic partnership between Saudi Arabia and China, established during the Chinese president's visit in December 2022.
The deal was finalized during a visit of Saudi Arabia's Minister of Municipal and Rural Affairs and Housing to China.
A Saudi company announced a deal to build 12 factories in Saudi Arabia, specializing in building materials with Chinese expertise and local involvement.
The goal is to attract top-tier service providers and boost the real estate sector, developing high-quality housing projects and promoting transformation in the construction sector through industrial cities and logistic zones.
A collaboration between a Saudi Arabian company and a Chinese firm was announced, aiming to expand small and medium factories in Saudi Arabia, establish direct production lines for the company's projects, and boost the local industry's growth.
The partnership is expected to create numerous job opportunities and strengthen the strategic partnership between Saudi Arabia and China, established during the Chinese president's visit in December 2022.
Translation:
Translated by AI
